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3 pts Question 41 The Harp Company was incorporated on and started business January 1, 2020. Its charter allows it to sell 2,500,000 shares of

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3 pts Question 41 The Harp Company was incorporated on and started business January 1, 2020. Its charter allows it to sell 2,500,000 shares of S2 par value common stock. Use this information to answer the next five (5) questions. On January 8, 2020, Harp sold 400,000 shares of common stock for $3.00 per share. Make the proper journal entry in good form (3 points) BIVA-A-TE13 x x ve SG 1 12pt Paragraph Question 42 1.5 pts Imunediately after the January 8th transaction, Harplus how many shares a) authorired, b) issued and c) outstanding. Enter your answers below you can copy and paste these descriptive fields into your answer section (12 point each - 1 1/2 points maximum for this question) a) Authorized Shares: b) Issued Shares c) Outstanding Shares B7 VA-A-I EX3x X, vs T 1 12pt Paragraph 1 MacBook Pro 5 6 7 8 R F G . J Question 43 3 pts On November 1, 2020. Harp repurchased 25.000 shares of their own stock on the open market for $2.50 per share Harp made this repurchase in an effort to support the market price of its shares, which had been dropping Make the proper journal entry in good form. points) BIVA-A-TEX EE GT 12pt - Paragraph 2 1 MacBook Pro FC 5 & 7 6 8 Y On March 1, 2021, Harp sold 5,000 shares of its stock it had purchased the prior November. The selling price (market value) wax Spor share. Make the proper journal entry in good form to record this stocksale points) B 1 9 A AI = = = = = = = = 22 VE . T. 12pt Paragraph MacBook Pro ! & 7 5 6 Question 45 1.5 pt Immediately after the March 1st transaction. Harp has how many shares a) authorized b) issued and outstanding Enter your answers below. you can copy and paste these descriptive fields into your answer section (1/2 point cach - 1 1/2 points maximum for this question al Authorized Shares: b) Issued Shares c) Outstanding Shares BIVAA. IE 3XXE - ? VX STTT12pt Paragraph MacBook Pro % 2

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